Wells Fargo Maintains Equal-Weight on Hershey, Lowers Price Target to $170
Wells Fargo analyst Chris Carey maintains Hershey (NYSE:HSY) with a Equal-Weight and lowers the price target from $190 to $170.
Stocks · News reference
PepsiCo, Mondelez and Hershey are among the most oversold consumer staples stocks, with RSI readings near or below 30, offering potential value
Reference Details
Poisar stores the source's headline, summary and market tags for reference. Reporting and full article text remain with the original publisher.
Keep reading
Wells Fargo analyst Chris Carey maintains Hershey (NYSE:HSY) with a Equal-Weight and lowers the price target from $190 to $170.
Hershey, McDonald's, and NetEase are trading near 52-week lows while offering attractive dividend yields of 3.4%, 3.1%, and 1.65% respectively—significantly higher than the S&P 500's 1% yield. Despite near-term headwinds, these industry leaders maintain strong business models and dividend growth potential, with analysts projecting solid earnings growth over the coming years.
Portillo's has partnered with the OREO brand to launch three limited-time Halloween treats: the OREO Shake, OREO Cake, and OREO Cake Shake, available nationwide starting October 6, 2026. The collaboration combines Portillo's famous cake and shakes with OREO cookies, and includes a loyalty program promotion offering $1 OREO Cake slices to Perks members from October 12-18.
The Nasdaq 100 trades at records Monday, yet 55 of its 101 stocks sit below their 50-day average. QQQ has beaten equal-weight QQQE by 8% since late July.
Wells Fargo analyst Chris Carey maintains Mondelez International (NASDAQ:MDLZ) with a Overweight and lowers the price target from $70 to $65.
PepsiCo reports Q3 earnings Oct. 8; analysts expect $2.30 EPS and $24.96B revenue. Its 4.71% yield requires ~$127,470 for $500 monthly.